LCP appoints Holly McArthur as Head of Sole Trusteeship in response to soaring growth in market

LCP has appointed Partner Holly McArthur as Head of Sole Trusteeship in response to the steep growth in this area of the professional trustee market.

An LCP survey last year highlighted that now a quarter of UK DB pension schemes have a sole trustee appointed, following an impressive 30% growth in the number of appointments in just one year.

Holly has over a decade of experience working with Trustees and Corporates and is a senior member of LCP’s Professional Trustee Engagement Programme.

In her new role Holly will be:

• Leading LCP’s engagement and relationships with professional trustee firms on sole trustee services

• Overseeing the development of LCP’s offering to enhance efficiencies to reflect sole trustees’ streamlined approaches and best practice delivery models.

Through Holly’s in-depth understanding of the different sole trustee governance models she will be helping LCP’s clients assess the best options for their schemes, including possible sole trustee governance solutions.

Holly commented: 'We are seeing more and more companies opting for a Sole Trustee appointment to meet the growing demand for efficiencies and increased governance burden for schemes. Therefore we need to ensure we have dedicated resources to liaise with the professional trustee firms to understand their approach and to tailor LCP’s services to work most efficiently alongside those. This marks a change in the market which provides both opportunities and challenges.'

Nathalie Sims, Partner and Head of LCP’s Professional Trustee Engagement Programme, added:

'The increase in demand for sole trustee arrangements by our clients together with the evolving services by Professional Trustee firms in this area means that we are developing our proposition to reflect further efficiencies. Holly’s role will be instrumental in connecting the dots and supporting the increased developments within LCP and our clients.'